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Special grades to form 25 pc of SAIL portfolio

Our Bureau

NEW DELHI, July 25

STEEL Authority of India Ltd (SAIL) has decided to produce and market several high-grade special steel products which will constitute 25 per cent of its saleable steel basket as part of its revenue maximising strategy.

This is part of a multi-pronged action plan being implemented by SAIL with special emphasis on maximising revenue by improving its product mix and achieve break-even, an official statement from SAIL has said.

These superior grades, commonly known as value-added products, provide both better product performance and higher value to customers in terms of economy of use, higher yields of end products, corrosion resistance and lower life cycle costs. For the compa ny, the special steels will bring additional remunerative earnings over the base grade.

The renewed thrust on this area is expected to contribute similar or even better results than that achieved during the last fiscal.

The new range of value-added products is being developed by SAIL by leveraging its Rs 12,000-crore modernisation programme which introduced new technologies including vacuum arc degassing, RH degassing, ladle furnace, continuous casting, coil box and hyd raulic AGC in the hot strip mills.